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Washington Real Estate Laws & Rules
Recap Exam A+ Graded.
1. Funds received by a brokerage firm as a damage or security
deposit - Correct Ans: ✅may be disbursed at the end of the
tenancy without the written agreement of the tenant
2. If there is no agreement otherwise, in a real estate transaction,
the broker performing brokerage services is presumed to
represent - Correct Ans: ✅The buyer only
3. Property Management agreements must: - Correct Ans: ✅Be
in writing
4. Money received from licensing related fines is used for -
Correct Ans: ✅The RE education program
5. Uniform Regulations of Business - Correct Ans: ✅Allows the
Director to sanction licensees and license applicants for acts
constituting unprofessional conduct, including misrepresenting
or concealing a material fact in obtaining or reinstating a
license
6. A broker - Correct Ans: ✅any natural person employed,
either directly or indirectly, by a real estate firm, or any person
who represents a real estate firm in the performance of a series
of specified real-estate related acts
